Compliance and Regulations Archives - Fichte & Co Legal

Impossible, Delayed or Simply More Expensive? Force Majeure and Hardship under the New UAE Civil Code

Florian Herkommer — Fri, 31 Jul 2026 12:21:35 +0000

Commercial disruptions can affect contractual performance in different ways. A government restriction may prevent delivery, a critical asset may be destroyed, or performance may remain possible but become substantially more expensive. These situations are often described generally as force majeure. Under UAE law, however, the legal consequences depend on whether performance has become impossible or …

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Before the Signature: Why Good Faith Now Matters at the UAE Negotiating Table

Galymzhan Alpeis — Fri, 24 Jul 2026 08:29:53 +0000

What if the biggest legal risk in your next deal has nothing to do with the contract itself? Most businesses assume that legal obligations only kick in once a contract is signed. Under the new UAE Civil Code, that assumption no longer holds up. Think about how much happens before anyone reaches for a pen. …

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Avoiding Tax Fines in the UAE: Why Compliance Starts Before Filing

Florian Herkommer — Mon, 06 Jul 2026 11:17:56 +0000

Tax compliance in the UAE is no longer just a filing exercise. It is a business discipline that affects cash flow, audit readiness, financing, and the ability to respond when the Federal Tax Authority asks questions. Failure to comply can lead to significant penalties, unexpected tax assessments, and disputes with the Federal Tax Authority (FTA), …

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U.S. Sanctions and Shipping: Guidance for Port & Customs Authorities

Arthur Dedels — Mon, 23 Mar 2026 10:37:21 +0000

In recent years, the US has focused increasingly on “intermediaries” or “facilitators” of sanctions evasion, such as shipping companies, logistics service providers, freight forwarders and transport intermediaries, as well as insurance companies. Over the past few years, the US government has published several guidelines on sanctions compliance for the maritime industry. These guidelines highlight the …

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RAK ICC Foundations: New Amendments Enhance Asset Protection and Succession Planning

Florian Herkommer — Wed, 19 Nov 2025 05:54:39 +0000

Foundations have become an essential structuring tool in the United Arab Emirates (UAE), particularly for succession planning, asset protection, and international wealth management. The Ras Al Khaimah International Corporate Centre (RAK ICC) introduced its Foundations regime in 2019, with substantial amendments taking effect on 31 July 2025 to further enhance the framework. These changes consolidate …

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U.S. Sanctions and Shipping: Guidance for Maritime Insurance Companies

Arthur Dedels — Wed, 29 Oct 2025 08:59:09 +0000

In recent years, the U.S. has focused increasingly on “intermediaries” or “facilitators” of sanctions evasion, such as shipping companies, logistics service providers, freight forwarders and transport intermediaries, as well as insurance companies. Over the past few years, the U.S. government has published several guidelines on sanctions compliance for the maritime industry. These guidelines highlight the …

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The Metaverse and Emerging Regulatory Frameworks in the UAE

Lakshmi Omanakuttan — Mon, 20 Oct 2025 11:57:25 +0000

The metaverse has quickly evolved from a speculative concept into a driver of technological and economic change. It encompasses immersive, three-dimensional environments powered by VR, AR, and Web3 technologies, where individuals and businesses interact and transact across physical and digital spaces. The United Arab Emirates (UAE) has placed itself at the forefront of this shift, …

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The UAE Aviation Finance Market and the Country’s Role as a Global Aviation Hub

Manik Verma — Thu, 04 Sep 2025 12:40:35 +0000

The United Arab Emirates has established itself as a significant player in the global aviation sector, demonstrating excellence as both a pivotal air transport hub and a leader in the domains of aviation finance and aircraft leasing. Dubai International Airport (DXB) welcomed a record high of 23.4 million passengers in Q1 of 2025, making it …

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Navigating the Pitfalls of Arbitration in the UAE

Arthur Dedels — Wed, 27 Aug 2025 12:39:06 +0000

While the UAE has positioned itself as a global arbitration hub, conducting arbitration there can be a minefield, especially for foreign parties unfamiliar with the nuances of its legal landscape. The UAE arbitration framework is characterized by distinct regimes. Arbitrations seated in the Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM) are …

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DMCC Introduces New Regulations to Shape Business Growth

Dr. Laura Voda — Tue, 05 Aug 2025 05:56:54 +0000

With the growing number of business incorporations and commercial markets in the UAE, the DMCC regime has taken a substantive step to stimulate better business growth and streamline the process for companies in the DMCC by introducing new changes through its Company Regulations 2024, Companies Limited by Guarantee Regulation 2024, Family Office Rules, and the …

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